TransAlta Corporation

TransAlta Corporationverified

TAC

Price:

$9.18

Market Cap:

$3.72B

TransAlta Corporation owns, operates, and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia. It operates through four segments: Hydro, Wind and Solar, Gas, and Energy Transition. owns and operates hydro, wind and solar, natural gas-fired, and coal-fired facilities. The company also engages in wholesale trading of electricity and other energy-related commodities and derivatives; and related mining operations and natural gas pipeline operations. It serves municipalities, medium and large industries, businesses, and utility customers. The company was founded in 1909 and is headquartered in Calgary, Canada.[Read more]

Industry

Independent Power Producers

IPO Date

2001-07-31

Stock Exchange

NYSE

Ticker

TAC

The Current Ratio as of September 2024 (TTM) for TransAlta Corporation (TAC) is 0.84

According to TransAlta Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.84. This represents a change of -15.76% compared to the average of 0.99 of the last 4 quarters.

TransAlta Corporation (TAC) Historical Current Ratio (quarterly & annually)

How has TAC Current Ratio performed in the past?

The mean historical Current Ratio of TransAlta Corporation over the last ten years is 1.24. The current 0.84 Current Ratio has changed 6.68% with respect to the historical average. Over the past ten years (40 quarters), TAC's Current Ratio was at its highest in in the December 2020 quarter at 2.03. The Current Ratio was at its lowest in in the December 2014 quarter at 0.59.

Quarterly (TTM)
Annual

Average

1.24

Median

1.24

Minimum

0.59

Maximum

2.03

TransAlta Corporation (TAC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of TransAlta Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 131.85%

Maximum Annual Current Ratio = 2.03

Minimum Annual Increase = -44.07%

Minimum Annual Current Ratio = 0.59

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.91-29.47%
20221.2913.03%
20211.14-44.07%
20202.0369.44%
20191.20-20.12%
20181.5041.40%
20171.06-16.77%
20161.28-6.43%
20151.36131.85%
20140.59-32.87%

TransAlta Corporation (TAC) Average Current Ratio

How has TAC Current Ratio performed in the past?

The current Current Ratio of TransAlta Corporation (TAC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.11

5-year avg

1.31

10-year avg

1.24

TransAlta Corporation (TAC) Current Ratio vs. Peers

How is TAC’s Current Ratio compared to its peers?

TransAlta Corporation’s Current Ratio is less than Pampa Energía S.A. (2.33), less than Vistra Corp. (0.98), less than NRG Energy, Inc. (1.18), greater than Power Assets Holdings Limited (0.49), less than Kenon Holdings Ltd. (3.08), less than AGL Energy Limited (1.07), less than Datang International Power Generation Co., Ltd. (0), greater than null (0.50),

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